Prague-based venture capital firm Kaya has successfully raised nearly €70 million in the first close of its fifth fund, marking a significant milestone in supporting early-stage startups across Central and Eastern Europe (CEE). This new fund aims to bolster innovative founders in countries including Bulgaria, Croatia, Slovenia, Slovakia, Poland, and the Czech Republic.
With a focus on pre-seed to Series A funding rounds, Kaya plans to back up to 25 startups with this fund, providing not only capital but also strategic guidance to help these companies scale globally. The firm, which already manages €300 million in assets, has a proven track record with two unicorns in its portfolio.
Kaya's mission is to bridge the gap for CEE founders, offering them access to resources and networks that are often more readily available in Western Europe or the US. The firm's commitment to the region is evident in its history of funding over 45 startups to date.
This latest fundraise underscores the growing potential of the CEE startup ecosystem, which has been gaining attention for its talent and innovation. Kaya's efforts are poised to further elevate the region's profile on the global stage, fostering the next generation of tech unicorns.
Industry observers note that Kaya's quiet yet impactful approach sets it apart from other VCs. By focusing on long-term partnerships with founders, the firm has built a reputation as a trusted ally in the competitive startup landscape.
As Kaya continues to deploy its new fund, the CEE region can expect an influx of innovation and economic growth, driven by the vision and ambition of its emerging entrepreneurs. For more details on Kaya's initiatives, visit their official announcements or regional startup news platforms.
Maria Lourdes
